State Fund
/ˈsteɪt fʌnd/
Definitions
- (n.) A government-operated financial pool designed to manage and disburse funds, often for workers' compensation insurance or public employee benefits.
The state fund provides workers' compensation coverage to employers who choose not to secure private insurance.
Forms
- state fund
- state funds
Related terms
See also
Commentary
The term 'state fund' frequently refers to a specific type of public insurance fund managed by state governments; clarity about the jurisdiction and purpose helps in drafting and interpretation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.